DXP Enterprises Stock Forecast - Accumulation Distribution
| DXPE Stock | USD 52.97 1.05 1.94% |
DXP Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast DXP Enterprises stock prices and determine the direction of DXP Enterprises's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of DXP Enterprises' historical fundamentals, such as revenue growth or operating cash flow patterns. Although DXP Enterprises' naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of DXP Enterprises' systematic risk associated with finding meaningful patterns of DXP Enterprises fundamentals over time.
Check out Historical Fundamental Analysis of DXP Enterprises to cross-verify your projections. DXP |
Open Interest Against 2024-04-19 DXP Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast DXP Enterprises' spot prices because the number of available contracts in the market changes daily, and new contracts can be created or liquidated at will. Since open interest in DXP Enterprises' options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for DXP Enterprises stock based on available contracts left at the end of a trading day.
Please note that to derive more accurate forecasting about market movement from the current DXP Enterprises' open interest, investors have to compare it to DXP Enterprises' spot prices. As Ford's stock price increases, high open interest indicates that money is entering the market, and the market is strongly bullish. Conversely, if the price of DXP Enterprises is decreasing and there is high open interest, that is a sign that the bearish trend will continue, and investors may react by taking short positions in DXP. So, decreasing or low open interest during a bull market indicates that investors are becoming uncertain of the depth of the bullish trend, and a reversal in sentiment will likely follow.
Most investors in DXP Enterprises cannot accurately predict what will happen the next trading day because, historically, stock markets tend to be unpredictable and even illogical. Modeling turbulent structures requires applying different statistical methods, techniques, and algorithms to find hidden data structures or patterns within the DXP Enterprises' time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets DXP Enterprises' price structures and extracts relationships that further increase the generated results' accuracy.
The accumulation distribution (A/D) indicator shows the degree to which DXP Enterprises is accumulated by the market over a given period. It uses the quote sensitivity to the highest or lowest daily price of DXP Enterprises to determine if accumulation or reduction is taking place in the market. This value is adjusted by DXP Enterprises trading volume to give more weight to distributions with higher volume over lower volume.| Check DXP Enterprises Volatility | Backtest DXP Enterprises | Information Ratio |
Accumulation distribution indicator can signal that a trend is either nearing completion, at a continuation, or is about to break-outs. The actual value of this indicator is of no significance. What is significant is the change in value of over time. The formula for A/D of a given trading day can be expressed as follow: ((Close - Low) - (High - Close)) / (High - Low) X Volume
| Compare DXP Enterprises to competition |
Other Forecasting Options for DXP Enterprises
For every potential investor in DXP, whether a beginner or expert, DXP Enterprises' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. DXP Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in DXP. Basic forecasting techniques help filter out the noise by identifying DXP Enterprises' price trends.DXP Enterprises Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with DXP Enterprises stock to make a market-neutral strategy. Peer analysis of DXP Enterprises could also be used in its relative valuation, which is a method of valuing DXP Enterprises by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
DXP Enterprises Technical and Predictive Analytics
The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of DXP Enterprises' price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of DXP Enterprises' current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
DXP Enterprises Market Strength Events
Market strength indicators help investors to evaluate how DXP Enterprises stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading DXP Enterprises shares will generate the highest return on investment. By undertsting and applying DXP Enterprises stock market strength indicators, traders can identify DXP Enterprises entry and exit signals to maximize returns.
DXP Enterprises Risk Indicators
The analysis of DXP Enterprises' basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in DXP Enterprises' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting dxp stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 2.01 | |||
| Semi Deviation | 1.17 | |||
| Standard Deviation | 3.06 | |||
| Variance | 9.38 | |||
| Downside Variance | 3.44 | |||
| Semi Variance | 1.37 | |||
| Expected Short fall | (2.48) |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards DXP Enterprises in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, DXP Enterprises' short interest history, or implied volatility extrapolated from DXP Enterprises options trading.
Pair Trading with DXP Enterprises
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if DXP Enterprises position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in DXP Enterprises will appreciate offsetting losses from the drop in the long position's value.Moving together with DXP Stock
| 0.65 | DSGR | Distribution Solutions Financial Report 2nd of May 2024 | PairCorr |
| 0.75 | FAST | Fastenal Financial Report 11th of July 2024 | PairCorr |
| 0.86 | FERG | Ferguson Plc Financial Report 4th of June 2024 | PairCorr |
| 0.78 | AIT | Applied Industrial Report 25th of April 2024 | PairCorr |
Moving against DXP Stock
| 0.93 | AZ | A2Z Smart Technologies | PairCorr |
| 0.88 | BA | Boeing Report 24th of April 2024 | PairCorr |
| 0.79 | TITN | Titan Machinery Financial Report 23rd of May 2024 | PairCorr |
| 0.61 | AP | Ampco Pittsburgh | PairCorr |
| 0.45 | BW | Babcock Wilcox Enter Financial Report 8th of May 2024 | PairCorr |
The ability to find closely correlated positions to DXP Enterprises could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace DXP Enterprises when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back DXP Enterprises - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling DXP Enterprises to buy it.
The correlation of DXP Enterprises is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as DXP Enterprises moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if DXP Enterprises moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for DXP Enterprises can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Historical Fundamental Analysis of DXP Enterprises to cross-verify your projections. For information on how to trade DXP Stock refer to our How to Trade DXP Stock guide.You can also try the Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.
Complementary Tools for DXP Stock analysis
When running DXP Enterprises' price analysis, check to measure DXP Enterprises' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy DXP Enterprises is operating at the current time. Most of DXP Enterprises' value examination focuses on studying past and present price action to predict the probability of DXP Enterprises' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move DXP Enterprises' price. Additionally, you may evaluate how the addition of DXP Enterprises to your portfolios can decrease your overall portfolio volatility.
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Is DXP Enterprises' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of DXP Enterprises. If investors know DXP will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about DXP Enterprises listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 1.535 | Earnings Share 3.89 | Revenue Per Share 99.502 | Quarterly Revenue Growth 0.002 | Return On Assets 0.0786 |
The market value of DXP Enterprises is measured differently than its book value, which is the value of DXP that is recorded on the company's balance sheet. Investors also form their own opinion of DXP Enterprises' value that differs from its market value or its book value, called intrinsic value, which is DXP Enterprises' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because DXP Enterprises' market value can be influenced by many factors that don't directly affect DXP Enterprises' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between DXP Enterprises' value and its price as these two are different measures arrived at by different means. Investors typically determine if DXP Enterprises is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, DXP Enterprises' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.